AUSTERITY
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Analysis: Business Leaders In Romania Brace For Austerity In 2H/2022
The accelerated increase in energy and fuel prices and the situation of the conflict in Ukraine will prompt business leaders in Romania to adopt an austerity plan in the second half of 2022, in line with an analysis by the company HR Arthur Hunt.
Isarescu: Romania Won’t Need Austerity Measures In 2013, But Fiscal Discipline Required
Romania will no longer use austerity fiscal policies this year but needs financial discipline, especially regarding public spending, central bank governor Mugur Isarescu said Monday.
IMF, EU To Allow Romania To Raise Public Wages 8% As Of June
The International Monetary Fund and European Commission have accepted Romanian authorities’ plans to restore public wages to pre-austerity levels gradually, with a first raise, of 8%, to tak...
Romania's Financing Costs May Increase After S&P Cut Euro Zone Ratings
An increase in euro financing costs and a higher leu/euro exchange rate volatility could be the first effects of rating agency Standard & Poor’s (S&P) decision to downgrade nine euro zone co...